Mark Scheinberg is a man of many responsibilities: President of the University of Goodwin, administrator of the University of Bridgeport and owner of two small for profit: Stone Academy and the Paier College of Art. Now, an agreement of the agreement of the Department of Justice will force him to leave the three roles.
For years Scheinberg paid students' loans to hide the non -compliance rate of the cohort of their universities in the Department of Education, according to an agreement with the Department of Justice was made public on May 27.
The Fallout
between 2015 and 2019, Scheinberg made 154 payments of himself and Stone Academy through a postal order to provide services on behalf of 102 Stone Academy Students. Its objective was to prevent students from falling into non -compliance, which would have increased the non -compliance with the university cohort, the proportion of federal loan borrowers that are not made within a certain period of time, according to the details of the department of Justice.
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Scheinberg paid $ 1 million as part of the agreement, which also requires that you withdraw from its positions at the University of Goodwin and the University of Bridgeport within five years.
In addition, Scheinberg "has concluded an administrative agreement with the Department of Education in which Scheinberg agreed to leave participation and participation in the operations, and the direct property of divestment” of Stone Academy and Pa ier College of Art .
“The non -compliance rate of cohort is an important metric that students can use to investigate whether a school provides a valuable education, because it can show if the title they would get will help you find employment that It allows you to keep up with its student loans, ”said Vanessa Roberts Avery, US prosecutor of the Connecticut district, in a statement." Educational institutions, especially private and profit schools, who try to hide high rates of loan breach rates Student of the Department of Education and their students not only run the risk of losing eligibility and their students to receive federal funds, if Not that they run the risk of the federal application by our office and our members of the Investigation Agency. "
googetag.cmd.push (function () Googetag.display (" dfp-ad-article_in_article "););););););););););););););););Stone Academy, which has three separate campuses in Connecticut, has a non -compliance rate of 15 percent, according to the most recent university discartment data in the Department of Education. That is more than double the national average breach rate of 7.3 percent in 2018.
Goodwin University did not respond to the request for comments from Inside Ed ED, but Scheinberg provided a statement to the inquirer magazine , a local newspaper, acknowledging to commit payments was a mistake.
The statement said that although the increase in the breach rate of the Stone Academy would have been "irrelevant", he accepted the agreement to "put the dispute behind" him. "At 66 years of age, with much to achieve, I have chosen my educational career remaining to the important work that brings joy to my life, creating new opportunities that students with various talents and background can use to succeed," said Scheinberg to the newspaper.
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A spokesman told the Inquirer magazine that Scheinberg retirement is not imminent. Scheinberg founded Goodwin in 1999, and has been its only president. Goodwin acquired. The non -profit organization of the University of Bridgeport in 2021. Although Bridgeport has a separate administration and president, Scheinberg serves as
